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To Freedom...
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# 1
kirstypark
Old 05-12-2012, 9:50 PM
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Join Date: Jun 2011
Location: scotland
Posts: 700
Default To Freedom...

Hello folks,

Been lurking around here for a while and wanted to start posting. My OH and I have been paying a morgage since we were 18 and finally paid it off this year. We found it hard going in the early years and would often joke about being in our early 40s with no morgage. However, moved house a few years ago to a much more expensive area and had to take out a further advance which had another 15 years to run. Meaning we would have paid a morgage most of our working life

When I found this site, I learned the benefit of overpaying and have been doing this for a while now. Have managed to cut our eventual date by 2 years and 3 months. With both morgages we were due 120,000, now we "only" owe 58,300. Our fixed rate finished this year and is now half of what we previously were paying.

We live with our adult son, and our daughter has recently arrived hime from living abroad, so space is tight. My OH has gone from being not very interested to being more moneysaving than me...I have created a monster

I have recently changed jobs for one with more sociable hours, but slightly less pay, OH is self employed and his earnings are very variable, the kids are paying a small amount for rent. Our plan is to throw as much as we can at the morgage whilst rates are low, live frugally and try to get rid of this. Then we might be able to help the kids out with housing...Well a girl can dream!
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# 2
HelenDaveKids
Old 05-12-2012, 10:04 PM
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Join Date: Jun 2010
Location: My own world. But its okay, they know me here.
Posts: 2,545
Default

Well done so far and welcome to mfw's
Morgage till Nov30 MFW Sept 2016
MFiT-3(38) Aug11 -100K Nov 14 25.5k
New Year New Me 2014. Weight lost so far 5 Stone 0 lb to go!!!!!!!!
"A goal without a plan is just a wish"
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# 3
A Fresh Start
Old 05-12-2012, 10:41 PM
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Join Date: Dec 2012
Posts: 21
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Well done so far and I hope it all goes well for you x
SPC 2013 #1884
20p Savers Club 2013 #54
Make 5 a day Dec '12: 150/155
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# 4
kirstypark
Old 06-12-2012, 8:17 AM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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Thanks for the welcome. Spent the evening selling some old books and 15 for them, i need to start ebaying, but have not done it for years, and a bit nervous of starting again after my account was hacked. I sold some CDs to music magpie, some gold to Tesco and some textbooks to Fatbrain, which all got decent amounts, but do need to get back to ebay.

Working tonight and tomorrow night for my old employers so can look forward to some extra cash in jan. Snow is bad here and more due, so hope i get home safely! Hate the white stuff!

Last edited by kirstypark; 06-12-2012 at 8:18 AM. Reason: my bad spelling
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# 5
kirstypark
Old 06-12-2012, 11:55 PM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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had a nsd thanks to a free lunch at work today, so managed a 15 overpayment. total is now 58,293.

Got more overtime tomorrow night, then christmas work night out on saturday. Meal already paid for, and can wear last year's outfit as this is a new job, so workmates have not seen this dress before! We were thinking of staying in the hotel, but decided to come home instead to save some more cash.
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# 6
kirstypark
Old 07-12-2012, 10:46 AM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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another 4.19 for the pot today, money credited from TCB. I love free money!
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 7
lulabelle1
Old 07-12-2012, 11:31 AM
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Join Date: Nov 2011
Posts: 2,275
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Welcome and good luck with your journey!
As of 21/Nov/14, we:
Own: 52% of our Home with an o/s Balance of: 120,754
Aim: Mortgage Free 31/Dec/24


Pending:
B2L 1 & B2L 2
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# 8
Skittle
Old 07-12-2012, 8:36 PM
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Join Date: Jun 2011
Posts: 85
Default

Hi there. I'm a newbie MFW too - it's very motivating to read other peoples diaries and I'm finding that keeping my own diary is keeping me more focused.

Well done on your OPs so far.
Mortgage currently 89,663
On the road to mortgage freedom

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# 9
kirstypark
Old 08-12-2012, 12:09 AM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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thank you lulubelle and skittle. i find keeping the diary is keeping up the motivation. had another nsd, left my job and teatime and drove to my old place of work but forgot to pick up a sandwich for tea. Halfway through my shift, my tummy was rumbling, so an old pal donated a bag of crisps. What a star!

Oh, but i can hear the shops calling tomorrow...
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 10
Mrs Money Penny
Old 08-12-2012, 6:09 PM
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Join Date: Feb 2007
Location: west country
Posts: 681
Default

Hi Kirsty well done on the nsd. It was a close call. Have a good evening.
MFIT T3 No 105
MFIT Challenge reduce by 40k
2014 overpayment
2 savers club 2014member 80
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# 11
sweetdaisy
Old 08-12-2012, 8:29 PM
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Join Date: Feb 2010
Posts: 1,142
Default

Good luck on your journey to become mortgage free
25 year Mortgage started February 2001 (end date January 2026)
Offset Mortgage Balance November 2014: 56,440
On target to repay 4 years and 1 month early (December 2021)
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# 12
kirstypark
Old 09-12-2012, 9:00 PM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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thank you, had work christmas night out last night, was pretty bad..although our table won 2 magnums of bubbly for dancing, so only needed a tenner in the kitty for drink after that. Food was terrible - all these christmas party nights are the same, aren't they?

went shopping yesterday morning and picked up some bargains. got a sweater reduced from 140 to 20, and some CK boxer shorts that should have been 18 quid reduced to 12.50, had a 10 voucher so only 2.50. nice stocking filler for son. Then met up with a couple of freinds who were in town for the weekend and treated them to coffee, I might be penny pinching, but am worried about having no pals left during this period of being a miser.

DS, who has a language disorder, just came to tell us our neighbour has parked a yacht in our shared drive..it is actually a canoe Thats a relief.
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 13
Secret Saving Squirrel
Old 09-12-2012, 9:13 PM
Fantastically Fervent MoneySaving Super Fan
 
Join Date: Aug 2010
Posts: 2,424
Default

Hello,

Good luck to you. Like you, we have adult children and it often seems the wrong way round when they are more extravagant than we are! But we can see the light at the end of the tunnel now and are racing towards it.

All the best,

Squirrel
Paid off mortgage nine years early in 2013
Now saving as much as I can so that I can retire as soon as I can.
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# 14
kirstypark
Old 10-12-2012, 7:45 AM
MoneySaving Stalwart
 
Join Date: Jun 2011
Location: scotland
Posts: 700
Default

Thanks squirrel, your figures are impressive! This is definately more of a sprint than a marathron now, for various reasons.

I have 45 left over from last weeks budget, and bagged up 20 in 50p, so off to the bank this morning to pay that into my slush fund. All spare bits of cash end up here to be overpaid at the end of the month.

Also i bought a bit of equipment for my work and my manager has said she will refund me, although it is not an essential bit of kit. I wasn't going to ask, but got cheeky and another 21 coming my way.
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 15
kirstypark
Old 11-12-2012, 8:38 PM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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some miserly things i did today to save money

took DH car to work as his business pays for petrol and he didnt need it today.
charged my ipad at work- one of my bosses saw it and said he would send me a bill! told him I was thinking of getting my washing machine plumbed in the corner of my room to use even more of his electric...
2 NSD in a row
made a 6 OP to tidy up my current account.
made a cheap chilli in slow cooker, added in loads of beans and green lentils, so there is enough for tomorrow night tea and a couple of portions to freeze for another night.
Off to make some gingerbread from the store cupboard to keep bosses happy and stop them moaning about using their electric to charge phones, satnav, ipads, etc.
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 16
kirstypark
Old 12-12-2012, 8:53 PM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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got a cheque from webuybooks for 15.75 today for some biographies that i wasnt going to read again, so will OP that tomorrow. And had another NSD, should manage another one tomorrow. Also picked up 5 hours work next sunday morning (at sunday rates) so that should be in the bank at end of jan.
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 17
kirstypark
Old 13-12-2012, 8:20 PM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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managed to bag up some 2 coins for the bank this morning, and OH just handed a cheque he got for some work he carried out extra last month, another 381.50, so hope to OP most of that. A few weeks ago he would have kept most of it, now he wants it all paid to mortgage to see balance come down

I have managed to keep a tenner in my purse all week, not spent anything. Tomorrow night, however, I have a night out with some old pals for a meal and drink. Booked an apartment in town ( very cheap, only 64 quid for the night and breakfast thrown in too). Looking forward to that, then a bit of shopping on saturday morning, maybe treat hubby to lunch (if I can find a deal)
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 18
kirstypark
Old 16-12-2012, 11:04 AM
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Location: scotland
Posts: 700
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night out on friday night was quite expensive, lots spent on drink oh well, was a great night. Bought the last christmas present, and managed to resist the Hotel Choclat shop

Was supposed to be working this morning, but was called in last night instead for a night shift, cos of staff shortages. It was awful, really busy and did not get a break all night. Finished at 5.30am and had a bit of sleep. Still, it will be another bit to overpay in jan.

Got 2 lots of rent from the kids, they give me 50 a week to cover their share of food and bills. I still feel bad taking cash from them, as they are both on small wages, but it does help and stops us feeling resentful when they eat everything in the fridge! I might keep some of as mad money rather than op, would be nice to have an extra 100 quid in the shopping budget this week. And off to an art exhibition of a freind this afternoon so might treat ourselves if we see something nice.

OH got his tax bill in, double what he thought He keeps threatening to fold the business as not making much money.
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 19
kirstypark
Old 17-12-2012, 9:49 PM
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Join Date: Jun 2011
Location: scotland
Posts: 700
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more overtime today and tomorrow, although i will take some of it back as time back and be off christmas eve. Well, it is not all about money...Did get 21.39 today for expenses so overpaid that.

had a cheap tea tonight, sweetcorn soup and a loaf for 10p. We did talk about going out to eat, but changed our mind as too tired.

Watching a programme about Claridges, when I pay this morgage i am going to book in there for a night. Maybe for my 50th birthday?
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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# 20
kirstypark
Old 20-12-2012, 7:57 AM
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Location: scotland
Posts: 700
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got another hour overtime at work, then met DD at asd@ where works to buy some booze for xmas. Took all my small change and with her discount got about 20 quid off the total of 70, so am happy with that.

Last night met my pub quiz team and had a free meal thanks to winning a few weeks ago, the prize is always a food voucher in the pub. We won again, so another meal in january.

We are feeding about 30 on Sunday, but not going to go mad, just making a chilli, rice and some tortillas, maybe a batch of sausage rolls for those who dont like chilli. got a vegatarian to cater for, so will have to think of something for her. Will need to go to supermarket soon, havent been for about a month! Usually at this time of year my fridge is groaning with goodies, but we are holding out as long as we can and buying the minimum, better for our waistlines too
mortgage 1 33,000. paid nov 2012 . mortgage 2 87,000 due 51,686.76 at july 2013, but then:new home and remortgage ... 101065.43 now 84,800
2014 mfw no 7
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